This Property is No Longer Available
176 Salem St, Woburn, MA 01801
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$1,250,000
*Sale Price
6 Unit
8 Beds
6 Baths
4111 SQFT
0.81 Acre

Property Description

Unique opportunity to own a large multi family with 5300 sf of accessory use in garages/barns. This property has been well maintained and cared for by the same family for close to 40 years. It offers an extra lge lot & yard consisting of .81 acres of land. One of the first floor units lends itself nicely for an owners unit and features new vinyl plank flooring, a lge fireplaced livrm, good sized eat-in kit along w/2 generous sized bdrms. This unit could easily be combined with a smaller adjacent unit for added bdrm/living space. The 3rd floor has an additional 2 br unit, rent is $1595 and incl heat and hw. Please take note, this is a legal 3 family but the property does contain 6 residential units. All tenants are TAW and rents are below market value. Please see attached expense sheet. Showings will be limited, and agents must accompany their buyers. No open houses. Showings will be Thurs 7/25 and Fri 7/26 from 5 to 6:30 pm both nights and Sat 7/27 from 11am to12:30pm. Appts required.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 7
  • Total Bedrooms: 8
  • Total Full Baths: 6
  • Total Fireplaces: 1
  • Amenities: Highway Access, House of Worship, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station
  • Basement Features: Concrete Floor, Full, Unfinished Basement, Walk Out
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom With Tub & Shower
  • Common Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 104100
  • Net Operating Income: 104100

Utilities

  • Electric Info: Circuit Breakers, Underground, Varies per Unit
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors
  • Utility Connections: for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Electric, Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Hot Water, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1940
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73267709
  • Last Updated: 09/02/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/02/2024Sold$1,250,000$304MLSPIN
08/16/2024Under Agreement$1,500,000$365MLSPIN
08/02/2024Contingent$1,500,000$365MLSPIN
07/26/2024Active$1,500,000$365MLSPIN
07/22/2024New$1,500,000$365MLSPIN

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Seller's Representative: Eileen Doherty, Lamacchia Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-09-02 21:36:00

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